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Chief Minister Siddaramaiah on Thursday asked banks not to adjust drought relief funds the government has released to individual farmers through a direct benefit transfer (DBT) against the dues of their agriculture loans. The CM, who chaired a meeting of deputy commissioners and zilla panchayat CEOs in the presence of ministers and department secretaries, said officials must ensure farmers got loans for the oncoming crop season on time. The government had already sent this year's agriculture credit plans, and officials must now act by coordinating with bankers in districts, he said. Siddaramaiah disapproved of the way insurance firms were handling the crop loss insurance claims. Such conduct would bring bad name to the government, he said, and asked officials to discuss with insurance firms and make life easy for farmers.

Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago. On Thursday, Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, sources said. They said that Air India, which is in the process of revamping itself under a five-year transformation plan, is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees.

On the BSE, Techknowgreen Solutions(down 18.62 per cent), HEG(down 16.25 per cent), Pooja Entertainment (down 14.60 per cent), Centum Elec(down 13.25 per cent) and Ratnaveer Precision(down 11.53 per cent) stood among the top losers in today's trade.

WABetaInfo reveals that WhatsApp is in the process of developing this innovative feature, which was identified in the latest beta update for Android, version 2.24.11.17. The report notes, “WhatsApp is committed to rolling out additional AI capabilities aimed at enriching user interaction and offering a more customized experience."The forthcoming feature is designed to let users exercise their creativity by generating unique profile pictures that mirror their personality, interests, or mood.

Trinamool Congress on Thursday filed a complaint with the Election Commission against West Bengal Governor CV Ananda Bose, alleging that he canvassed for the BJP by wearing their party symbol at an event in Kolkata. In a complaint to the Chief Election Commissioner, the TMC claimed that the Governor was «seen to be wearing a BJP logo» on his chest while attending the event at Ram Temple in Kolkata. «It is to bring to your kind knowledge and attention that C V Ananda Bose, the Hon'ble Governor of the State of West Bengal has been using his good office for canvassing for the Bharatiya Janata Party (BJP) for the ensuing general elections to the Lok Sabha,» the TMC said in its complaint. «In particular, on 23.01.2024, the Hon'ble Governor while attending a public function at Ram Temple, Central Avenue, Kolkata was seen to be wearing a BJP logo on his chest, for the ensuing Lok Sabha elections to solicit votes for BJP,» the party alleged.

ITC on Thursday said the National Company Law Tribunal (NCLT) has directed convening a meeting of shareholders of the company on June 6 for approval of the demerger of its hotels business into a separate listed entity. «Post obtaining no-objection from stock exchanges, Scheme of Arrangement for demerger was filed with National Company Law Tribunal (NCLT). NCLT has directed convening a meeting of shareholders of ITC on June 6, 2024, to consider and approve the Scheme,» ITC said in a regulatory filing.

ITC Ltd on Thursday reported a 1% fall in its consolidated net profit at Rs 5,120 crore in the March quarter. The same stood at Rs 5,175 crore in the last year quarter. The profit figure was marginally below the Street estimate of Rs 5,149 crore.

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd has approved Rs 3.94 per unit distribution to ordinary unitholders aggregating Rs 508 crore for Q4 FY24. The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it said in a statement. «The Board of Directors of the Investment Manager has declared a distribution per unit (DPU) of Rs 3.94 to ordinary unitholders, amounting to a total distribution amount of Rs 508 crore,» the statement said.

Kaamya Karthikeyan successfully summited Mt. Everest, becoming the youngest Indian mountaineer to scale the world's highest peak from the Nepal side, the Indian Navy said on Thursday. The daughter of a naval officer, Kaamya is a class 12 student at Navy Children School, Mumbai. Kaamya and her father Cdr S Karthikeyan successfully summited Mt. Everest (8,849 m) on May 20, according to a statement issued by a Navy spokesperson. «After this feat, she has become the second youngest girl in the world, and the youngest Indian mountaineer to summit the world's highest peak from the Nepal side,» the statement said.

Conversational commerce is essentially chat-based assisted shopping where online shoppers use chat platforms such as WhatsApp or Instagram to interact with and purchase goods or services. For instance, one can order a soundbar from JioMart Shop on WhatsApp, by going through the catalog of products available via a link within the chat app, complete the purchase on the JioMart webpage using any method, including opting for cash on delivery, and then track the delivery of the soundbar from within the chat.

Open interest indicates that bulls are likely to dominate the following counters. In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

United Spirits Ltd. slipped 1.29 per cent to Rs 1171.6 in Thursday's trade. It hit a high of Rs 1195.95 and low of Rs 1166.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1088.19, while the 50-DMA was at Rs 1159.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Page Industries Ltd. rose 1.53 per cent to Rs 35747.0 in Thursday's trade. It hit an intraday high of Rs 36500.05 and low of Rs 35640.05, respectively, during the day. The stock quoted a 52-week high price of Rs 42850.0 and low of Rs 33100.0.

Havells India Ltd. gained 0.26 per cent to Rs 1848.1 in Thursday's trade. It hit a high of Rs 1855.25 and low of Rs 1823.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1414.81, while the 50-DMA was at Rs 1594.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Enforcement Directorate has made its fifth arrest in a Rs 263 crore income tax refund fraud linked money laundering case investigation, the central agency said. Purshottam Chavan was arrested on May 20, a day after the agency raided his premises in Mumbai. Chavan has been sent to ED custody till May 27, the agency said in a statement issued on Wednesday. The investigation pertains to alleged fraudulent generation and issuance of TDS (tax deducted at source) refunds from the Income-tax department to the tune of Rs 263.95 crore.

Crompton Greaves Consumer Electricals Ltd. gained 0.32 per cent to Rs 390.45 in Thursday's trade as of 12:27PM (IST). The stock hit a high price of Rs 391.75 and low of Rs 386.15 during the session.

Pidilite Industries Ltd. slipped 0.99 per cent to Rs 2979.85 in Thursday's trade as of 12:16PM (IST). The stock hit a high price of Rs 3027.15 and low of Rs 2970.05 during the session.

GAIL (India) Ltd. traded 0.32 per cent up in Thursday's trade at 11:16AM (IST). Around 724,870 shares changed hands on the counter. The scrip opened at Rs 202.35 and touched an intraday high and low of Rs 203.25 and Rs 199.55, respectively, in the session so far. Shares of the company of GAIL (India) Ltd. quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 103.2.

Tata Power Company Ltd. traded 0.2 per cent down at Rs 446.7 on Thursday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 359.09 points to 74580.15. As many as 284,369 shares changed hands on the counter with a total value of Rs 12.77 crore.

Indian rupee’s top forecaster is going against the majority. The currency will test a fresh low by year-end, according to Danske Bank A/S, defying the consensus prediction for the first gain in seven years. The currency may decline to 83.60 per dollar by December, said Allan von Mehren, chief analyst at Danske Bank, who had the most accurate estimates in Bloomberg’s quarterly rankings. That compares with a median forecast of 82.80 in a Bloomberg survey.

Domestic benchmark index NSE Nifty gained 99.25 points to 22697.05, while the BSE Sensex traded 349.39 points up at 74570.45.